Dixon Hubard Feinour & Brown Inc. VA lifted its stake in Alphabet Inc (NASDAQ:GOOG) by 1.2% in the first quarter, HoldingsChannel.com reports. The firm owned 5,841 shares of the information services provider’s stock after acquiring an additional 69 shares during the quarter. Alphabet makes up about 2.1% of Dixon Hubard Feinour & Brown Inc. VA’s investment portfolio, making the stock its 15th biggest position. Dixon Hubard Feinour & Brown Inc. VA’s holdings in Alphabet were worth $6,853,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in GOOG. CI Investments Inc. boosted its holdings in Alphabet by 3.6% in the third quarter. CI Investments Inc. now owns 302,653 shares of the information services provider’s stock valued at $361,207,000 after purchasing an additional 10,581 shares during the period. Kingfisher Capital LLC acquired a new stake in Alphabet in the third quarter valued at $214,000. InterOcean Capital LLC raised its stake in Alphabet by 4.3% in the third quarter. InterOcean Capital LLC now owns 27,599 shares of the information services provider’s stock valued at $32,939,000 after buying an additional 1,150 shares in the last quarter. RB Capital Management LLC raised its stake in Alphabet by 3.0% in the third quarter. RB Capital Management LLC now owns 1,823 shares of the information services provider’s stock valued at $2,176,000 after buying an additional 53 shares in the last quarter. Finally, Cpwm LLC raised its stake in Alphabet by 181.3% in the third quarter. Cpwm LLC now owns 9,056 shares of the information services provider’s stock valued at $10,808,000 after buying an additional 5,837 shares in the last quarter. Hedge funds and other institutional investors own 33.95% of the company’s stock.

GOOG has been the topic of a number of analyst reports. Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a research note on Monday, April 29th. Barclays restated a “buy” rating on shares of Alphabet in a research note on Tuesday, April 30th. Zacks Investment Research upgraded Alphabet from a “hold” rating to a “buy” rating and set a $1,399.00 price target on the stock in a research note on Wednesday, April 24th. Oppenheimer cut their price target on Alphabet from $1,342.00 to $1,435.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 30th. Finally, Wedbush restated an “outperform” rating on shares of Alphabet in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $1,361.50.

In related news, Director Ann Mather sold 39 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $1,100.00, for a total value of $42,900.00. Following the transaction, the director now owns 1,797 shares in the company, valued at approximately $1,976,700. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 69 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $1,042.90, for a total value of $71,960.10. Following the completion of the transaction, the chief accounting officer now owns 388 shares in the company, valued at approximately $404,645.20. The disclosure for this sale can be found here. Insiders have sold 423 shares of company stock worth $494,939 in the last quarter. Insiders own 13.11% of the company’s stock.

GOOG opened at $1,085.35 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.93 and a current ratio of 3.96. Alphabet Inc has a one year low of $970.11 and a one year high of $1,289.27. The stock has a market cap of $753.50 billion, a PE ratio of 22.84, a PEG ratio of 1.28 and a beta of 1.03.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Monday, April 29th. The information services provider reported $11.90 EPS for the quarter, topping the Zacks’ consensus estimate of $10.51 by $1.39. Alphabet had a return on equity of 20.06% and a net margin of 19.71%. The business had revenue of $36.34 billion for the quarter, compared to analysts’ expectations of $37.36 billion. During the same quarter in the previous year, the firm earned $9.93 earnings per share. The business’s revenue was up 16.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Alphabet Inc will post 48.44 EPS for the current year.

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Alphabet Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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